Jefferson Nickel Value (1938–date) | Gainesville Coins ®

The Jefferson nickel is the five-cent mint of the United States. It was introduced in 1938 to honor Founding Father and third US President Thomas Jefferson. The US Mint has produced more than 63 billion Jefferson nickels through 2019. This total includes the about 870 million flatware “ war nickels ” between 1942 and 1945 .jefferson nickel The Jefferson nickel continues to be produced nowadays .

Collecting Jefferson Nickels

therefore many Jefferson nickels were made every class, it is easy to build a date and mint dress of circulate coins. even key date Jefferson nickels are cheap, compared to other coins. Collectors focus on error coins and stipulate rarities like the Full Steps uncirculated dates rather.

Key Date Jefferson Nickels

high mintages for most Jefferson nickels mean that, for many dates, even uncirculated coins are brassy. In fact, semi-key dates like the 1938-D and 1938-S can be found in Mint State MS65 for less than $ 20 .Key Date and Semi-Key Date Jefferson Nickels: Current Prices

Date XF45 AU55 MS65
1938-D $2 $3 $11
1938-S $3 $4 $12
1939 “Doubled Monticello” DDR $150 $228 $1,500
1939-S (reverse of 1940) $5 $10 $81
1939-D $14 $35 $75
1942-D $7 $10 $47
1942-D over horizontal D $228 $425 $4,380
1943-P “Doubled Eye” DDO $54 $75 $358
1943/2 $108 $235 $585
1945-P DDR $27 $72 $286
1946-D over inverted (backwards) D $260 $325 $1,350
1949-D/S $74 $140 $481
1950-D $8 $9 $26
1954-S/D $14 $15 $150
1955-D/S $14 $28 $228

Jefferson Nickel Errors

With 63 billion nickels minted since 1938, it ’ randomness no storm that few dates are collectible on their own. Rather, erroneousness coins are the most common rare and valuable Jefferson nickels. You can check out our Jefferson nickel errors infographic for more information. Most mint errors fall into two categories : Doubled Dies and Repunches .

Doubled Die Jefferson Nickels

With a run of more than 80 years, it ’ s surprise that there are only three major doubled die Jefferson nickels. The first of these is the celebrated 1939 “ Doubled Monticello ” Doubled Die Reverse. The other two occurred on WWII silver “ war nickels ” : the 1943-P “ Doubled Eye ” Doubled Die Obverse, and the 1945-P Doubled Die Reverse .

Repunched Jefferson Nickels

There are two types of punch errors on Jefferson nickels : repunched mint marks and overdates. mint marks were punched onto mint dies by pass until the 1990s. It took multiple blows with a mallet to make the mintmark deep enough. sometimes, the punch would move slightly between strikes, causing a doubling prototype of the mint sign. These errors are known as Repunched Mint Marks ( RPM ). Repunched Mint Mark coins are indicated on mint dates by a duplicate mint mark separated by a slash set. For exemplar, a repunched San Francisco Mint mark would be noted by “ S/S ” after the date. The most celebrated RPM Jefferson nickel is the 1942-D Over Horizontal D .

Full Steps Jefferson Nickels

traditionally, there was little about Jefferson nickels to excite collectors. apart from the few error coin dates, collecting a wax fit was superficial. That is, until “ Full Steps collecting ” became popular in the 1970s. A “ Full Steps ” Jefferson nickel displays complete, undamaged steps on Monticello. Having Full Steps significantly increases the value of any Jefferson nickel, sometimes by as much as 10x to 20x its normal price. These condition rarities have become a concentrate for many coin collectors. Some Jefferson Nickel dates have very few surviving Full Steps coins. Two years, 1960-D and 1967, have no known Full Steps coins at all !

How Do I Tell If My Jefferson Nickel Has Full Steps?

There are six steps on Monticello on a Jefferson nickel, counting the portico ( porch ). To tell if your Jefferson nickel has Full Steps, start counting from the portico. Check each step in turn. Any damage that cuts completely across a footstep disqualifies the coin .jefferson nickel full steps The portico counts as Step # 1. The initiation counts as Step # 6. Another way to check if your Jefferson nickel has Full Steps is to count the incuse lines between the steps. If the first gear four lines counting from the top are complete, the nickel has five full steps. If the bed channel is besides undamaged and wax, the nickel has six wax steps .4 complete lines = 5 Full Steps
5 complete lines = 6 Full Stepsjefferson nickel lines full steps

Grading 5 Full Steps and 6 Full Steps Jefferson Nickels

There are two types of Full Step Jefferson nickels : Five Full Steps ( 5FS ) and Six Full Steps ( 6FS ). The two largest mint marking services, NGC and PCGS, have unlike definitions for Full Steps Jefferson nickels .5 steps Monticello PCGS has always awarded the FS designation to Jefferson nickels that have either five or six wax steps. Until 2004, NGC only awarded the FS appellation to Jefferson nickels with six full steps. This was a much harder hurdle to net, as there are army for the liberation of rwanda fewer six full steps nickels than five .6 steps Monticello In 2004, NGC split their f appellation into 5FS and 6FS. PCGS has not followed suit. A Jefferson nickel graded FS by PCGS will need to be examined to determine whether it is a 5FS or 6FS .

Four-Figure Full Steps Jefferson Nickels

These Full Steps Jefferson nickels have sold for $ 1,000 or more in Mint State 65 *. note that there are no sleep together Full Steps coins at any grade for some mintages. Some rare error nickels can besides be found with Full Steps.This adds a premium to their already high prices.

Most Expensive Full Steps Jefferson Nickels

Date Current Price
1939 Doubled Monticello FS $2,500
1942-D over horizontal D FS $10,600
1943/2 (silver) FS $1,020
1945-P (silver) DDR FS $4,380
1946-D/D FS $1,020
1949 FS $2,310
1949-D/S FS $1,500
1952 $1,250
1953 FS $2,310
1953-S FS $29,000
1954-D FS $1,150
1954-S FS $6,250
1955-D FS $2,940
1960 FS $2,750
1960-D FS (MS64) $10,600
1961 FS $3,440
1961-D FS $24,200
1962-D FS $6,250
1963-D FS $6,880
1965 FS $5,000
1966 FS $12,100
1968-D FS $18,200
1969-D FS $24,200
1970-D FS $5,620

* prices as of mid-2020

The Origin of the Jefferson Nickel

The Buffalo nickel by James Earle Fraser was introduced in 1913. The US Mint was unhappy with the purpose from the begin. Nickel metal is much harder than silver or bull. This means nickel coins require a higher fall coerce than eloquent or copper coins. Despite adjustments to the dies, the Mint placid had problems getting full strikes on the Buffalo nickel. The decision was made to replace the invention a soon as possible. DID YOU KNOW? frequent die failures is one reason that the Mint abandoned a copper-nickel alloy for small cents in 1864. The US Mint can replace any coin design that is at least 25 years old without the approval of Congress. The Buffalo nickel was introduced in 1913, which meant that in 1938, its clock time was up. The US Mint wasted no fourth dimension in finding a surrogate. They announced a public contest for a new nickel invention in January 1938. Designs had to feature an “ authentic portrayal ” of Jefferson as the obverse. A representation of Jefferson ‘s celebrated estate of the realm, Monticello was required on the reverse. The trophy for the winning plan was $ 1,000 ( $ 18,000 in 2020 dollars ). 390 entries were received by the April 15th deadline. Sculptor Felix Schlag was declared the winner on April 24th. He apparently won on the forte of his profile of Jefferson, as Mint officials ordered everything else changed. The most contentious function of his original design was his close-up three-quarter opinion of Monticello. Critics charged that the image was unrecognizable. It was replaced by an ordinary head-on scene. Schlag believed the trope so generic that he added “ Monticello ” beneath the visualize .

1942–1945 Silver “War Nickels”

1942-p wartime jefferson nickel 1942-P wartime Jefferson nickel Nickel was needed for embark and tank armor, stainless steel steel engine parts, and military equipment in World War II. To conserve nickel, the US politics changed the constitution of the five-cent coin.

The original design was for the silver “ war nickels ” to be 50 % copper and 50 % silver. Vending machines rejected the new coins during testing. The charismatic signature of the copper-silver alloy was excessively unlike from even nickels. Adjusting the admixture to 56 % bull, 35 % argent, and 9 % manganese solved the problem. 35 % flatware war nickels were minted from October 1942 through 1945. The government intended to remove them from circulation after the war. To facilitate this, the US Mint struck large mint marks over the dome of Monticello. This marked the first time the P mint set, for the independent US Mint in Philadelphia, was used on a coin. As things turned out, the silver medal war nickels remained in circulation. The government decided it was n’t worth the effort to search billions of nickels for the eloquent ones. Silver war nickels circulated freely until the 1960s. high silver prices in the ’60s saw millions of war nickels hoarded for their silver content. even indeed, silver war nickels are calm easy to find in coin shops .

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